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45: Mortgage - Treasury Spread Remains Near Peak for December 2008; Fed Action Awaited - 01/02/09 02:53 PM
The Mortgage-Treasury Spread remained near its highest ever level in December, as investors retreaed into the safest available investments to close 2008.  Treasury instruments of all maturities saw one of the biggest demand spikes in their history, a sign that risk tolerance was negligible this month.  Throughout the month of December, the spread remained largely unchanged from its December 4th level, closing the year at 2.86%.  This is down slightly from the December 4th spread at 2.96%  The historic low treasury yields reached in December are instrumental to the high spread, as mortgage rates dropped through the month to historically low … (0 comments)

45: Fed Intervention Fails to Close Mortgage Treasury Spread - 12/05/08 10:47 AM
In spite of an unprecedented move by the Federal Reserve on November 25th to purchase $600 billion in mortgage-related assets, the spread between mortgage and treasury rates remained at its highest level on record for the week ending December 4th, closing at 2.96%.  Investors sought the safety of treasury securities in droves, increasing their prices, and depressing the yield of the 10-year treasury note to its lowest close ever at 2.57% this Thursday.  In spite of rampant speculation that the Fed may be prepard to act again, mortgage securities found few buyers.  Mortgage rates averaged 5.53%, according to Freddie Mac.
The … (6 comments)

 

Dan Hartman

Providence, RI

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Province Mortgage Associates - (401) 263-8655

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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you! Locations of visitors to this page Site Meter


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